Loan Repayment Calculator API

The API can perform various mortgage calculations, including monthly mortgage payments, total interest paid over the loan term, amortization schedules, and loan-to-value ratio calculations.

Monthly mortgage payments are computed using standard mortgage formulas, taking into account factors such as loan amount, interest rate, loan term, and any applicable taxes or insurance.

Users need to provide essential parameters such as the loan amount, interest rate, loan term (in years or months), and optionally, property taxes and insurance costs.

The API uses standard mortgage calculation formulas to ensure accuracy in payment estimations. However, actual payment amounts may vary slightly due to factors such as rounding and any changes in interest rates or fees.

The API employs industry-standard encryption protocols (such as HTTPS) to secure data transmission and follows stringent data privacy measures to protect sensitive financial information.

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